Industry

Teach young advisors to prospect

There is a growing number of people with qualifications to be financial planners. Problem is, if they can’t sell, there’s not a lot of opportunity for them. A panel of industry recruiters at the 2009 Financial Planning Standards Council’s (FPSC) Financial Planning Symposium in Toronto emphasized there is a need for new advisors, but if […]

By Mark Noble |October 6, 2009

4 min read

Briefly:

Despite frequent warnings that the economic recovery remains fragile, Canadians are becoming more optimistic about investing, according to a national survey by Manulife Financial. It is the third consecutive quarterly rise in the Manulife Investment Sentiment Index, with investor confidence rising for eight of 10 investment categories and vehicles. “Canadians appear to be more optimistic […]

By Staff |October 6, 2009

3 min read

HighView Financial buys Hallett & Assoc.

HighView Financial Group has struck a deal to acquire all outstanding shares of Dan Hallett & Associates Inc. The transaction is subject to regulatory approval. “Through his deep understanding of mutual funds and fund managers and regular insightful commentary Dan Hallett has become one of the most respected and well known mutual fund analysts in […]

By Mark Noble |October 6, 2009

2 min read

Money markets drag fund sales lower

September is traditionally a troubled month for the investment industry, and though mutual fund returns were largely positive, actual sales were in negative territory, according to preliminary data from the Investment Funds Institute of Canada (IFIC). The industry posted net redemptions of between $475.9 million and $975.9 million for the month. If there is a […]

By Steven Lamb |October 5, 2009

2 min read